18th Dec 2025 11:18
(Alliance News) - Harworth Group PLC on Thursday said it has secured 267,000 square feet of Industrial & Logistics lettings on previously vacant space since the start of July.
Harworth is a Rotherham, South Yorkshire-based regenerator of land for sustainable development. It said the transactions contribute to a reduction in its investment portfolio EPRA vacancy rate to 1.0% from 4.9% in the first half of the year.
The lettings will deliver an additional GBP2.5 million in annualised rental income, Harworth said, equating to GBP9.28 per square foot, which is 13% ahead of the first half headline rent of GBP8.24 per square foot.
Harworth said the new lettings were most notable at Droitwich, its largest single-unit speculative development, which reached practical completion in August.
"Our network and market intelligence has enabled us to successfully capitalise on the strong demand for Grade A space in our regions, bringing the portfolio to near full occupancy, setting new headline rents and demonstrating the portfolio's reversionary potential," said Chief Executive Lynda Shillaw.
"Achieving 100% occupancy at Droitwich, the Advanced Manufacturing Park, Catalyst and Gateway 36 is a strong endorsement of this strategy, the quality of our product, and location of our sites as we optimise delivery opportunities across our consented land bank."
Harworth shares were up 1.0% at 165.70 pence on Thursday morning in London.
By Michael Hennessey, Alliance News reporter
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